PetIQ, Inc. (PETQ) Misses Q3 EPS, Revenues Beat

PetIQ, Inc. (NASDAQ: PETQ) reported Q3 EPS of $0.13, which may not compare to the analyst estimate of $0.26. Revenue for the quarter came in at $131.4 million versus the consensus estimate of $125.21 million.

• Record third quarter net sales of $131.4 million, an increase of 117%
• Net income of $3.9 million compared to $0.9 million
• Adjusted EBITDA of $13.4 million compared to $5.4 million
• Opened two wellness centers, for a total of 31 wellness centers and 34 regional offices in operation as of quarter-end
• Up-C structure generated $23 million of future cash tax savings in the quarter, with a total deferred tax asset of $41 million

GUIDANCE:

PetIQ, Inc. sees FY2018 revenue of $515 million, versus the consensus of $502.34 million.

For earnings history and earnings-related data on PetIQ, Inc. (PETQ) click here.

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